Kessler Investment Group LLC Sells 191 Shares of Garmin Ltd. (NYSE:GRMN)

Kessler Investment Group LLC trimmed its position in Garmin Ltd. (NYSE:GRMN) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,696 shares of the scientific and technical instruments company’s stock after selling 191 shares during the quarter. Kessler Investment Group LLC’s holdings in Garmin were worth $556,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in Garmin by 1.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,863 shares of the scientific and technical instruments company’s stock worth $591,000 after acquiring an additional 49 shares during the last quarter. Curbstone Financial Management Corp increased its stake in Garmin by 1.3% during the fourth quarter. Curbstone Financial Management Corp now owns 3,886 shares of the scientific and technical instruments company’s stock worth $802,000 after acquiring an additional 50 shares during the last quarter. HB Wealth Management LLC increased its stake in Garmin by 1.4% during the fourth quarter. HB Wealth Management LLC now owns 3,821 shares of the scientific and technical instruments company’s stock worth $788,000 after acquiring an additional 53 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in Garmin by 2.6% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,332 shares of the scientific and technical instruments company’s stock worth $481,000 after acquiring an additional 58 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Garmin by 8.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 804 shares of the scientific and technical instruments company’s stock worth $166,000 after acquiring an additional 63 shares during the last quarter. 81.60% of the stock is owned by institutional investors.

Garmin Stock Performance

GRMN opened at $212.37 on Friday. The stock has a market cap of $40.78 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.33 and a beta of 0.98. The stock’s 50 day moving average price is $212.89 and its 200-day moving average price is $193.37. Garmin Ltd. has a one year low of $121.20 and a one year high of $223.33.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GRMN shares. Tigress Financial boosted their price objective on Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 16th. Barclays boosted their price objective on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.00.

Insider Activity

In related news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $207.99, for a total value of $366,270.39. Following the completion of the sale, the chief financial officer now owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.54% of the company’s stock.

Garmin Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.